2008 seems like a million years ago.
The plandemic was just about five, and at this point those memories are sepia-toned.
For ’25, looks like the ride is about to get bumpy — bumpier, to be truthful — and the expertverse is predicting a reshape of the economic landscape, a financial tectonic shift, one that will redefine wealth.
Not for the uber-wealthy, the true parasitic class, oh-ho-no they will be just fine.
But the midrange rich, those slightly more than one paycheck from ruin, with a few more assets and little better credit, those folks? Are fundamentally doomed. Peonage awaits.
See, market analysts are watching the changes and do not believe it looks good … horrible, actually. Perhaps even apocalyptic. An early Armageddon for the middle class.
Saw a graph that charted average home prices beginning 1890 through present, with a historical average (adjusted for inflation) of about $190K. Started to spike in 1997 and as of 2025? Over 80 percent of historical, or about $800K, or $200K more than the ’08 bubble.
Oops.
Current median household income? Little less than $75K.
Current income needed to get a house? $115K. The math ain’t mathing.
Some key market indicators of the pending recession, which may even trump the Great Depression, are
high inventory levels … lotta houses for sale
price reductions … fire sale home prices
fewer mortgage applications … buyers ain’t buying it.
Another key warning sign? When Half and other half were shopping for a home, kept bumping up against institutional buyers … big corps buying up single-family residences. Those same buyers now, in 2025? Trying to unload those homes, adjusting portfolio ratios, backing away from that market a bit.
Econofin – great cc on the Tubes of You – outlined the steps of the housing market collapse, which mirrored the bubble burst in 2008 …
Phase 1: Demand Collapse / Ain’t Nobody Paying Fadat
Phase 2: Seller Capitulation / Here – Take My House, Please!
Phase 3: Distressed Inventory Surge / Foreclosures and Short Sales and Evictions … Oh My!
Phase 4: Institutional Retreat / Big Boys Backing Out and Away …
Phase 5: Market Bottom / The Ring, or Looking Up from the Bottom of the Well
Most importantly, however, is the first law of economic thermodynamics … wealth is neither created nor destroyed, but merely transferred. The wealth is still there / only a question of who holds it.
From the looks of it? Won’t be the wage earners, the paycheck peonage, the grubbing mainstream.
Just glad the mortgage payment is manageable, and not federal worker.
But then again, this is only the beginning of sorrows. What’s coming … has never before been seen.
{Matthew 26:11}
Interesting times, indeed.